Agora has received at least $170.4 million from investors including Morningside, Coatue, SIG and Shunwei Technology. To receive automatic notification of new IPO activity, click the "+ Follow" link at the top right of the page. The Agora began as a small publishing outfit in Washington, DC in 1978. Agora … Heading into the new year, Agora will continue to be the go-to developer-friendly platform that innovators can count on for quality of experience, scalability, reliability and customization. This was Agora's second earnings release as a public company after following its IPO over the summer. Assuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO would approximate $1.8 billion. The Agora’s is also a culture that promotes partnership and has developed partnership relations with hundreds of businesses, large and small, all over the world. The Agora real-time. Shares of Agora (NASDAQ:API) have plunged today, down by 14% as of 12:05 p.m. EST, after the company reported third-quarter earnings. If you are looking for information on career opportunities with one or several of these companies, you may email your resume and cover letter to email@example.com. Evan is a senior technology specialist at The Motley Fool. RMG Acquisition Corp. Agora, Inc. provides communication software solutions. Free cash flow -- a metric that can be lumpy on a quarterly basis -- was negative $4.1 million for 2019 and negative $3.4 million for Q1. But their writers are conversant with history’s strongest, most influential thinkers; from Aristotle to Thomas Aquinas to Adam Smith. Whether it be printing, distribution, communications, or any other business that touches on what they do, The Agora Companies welcome opportunities to collaborate in an effort to improve their products, operations, and customer experience. 180-day shareholder sale lockup periods will expire for two companies. Returns as of 11/26/2020. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. He was previously a senior trading specialist at Charles Schwab, and worked briefly at Tesla. Class A shareholders will be entitled to one vote per share and the founder, Mr. Zhao, will hold all Class B shares and be entitled to 20 votes per share. Market data powered by FactSet and Web Financial Group. See you at the top! Per the firm’s most recent regulatory filing, the firm plans to use the net proceeds for’ research and development, marketing and branding, investment in technology infrastructure as well as for working capital and other general corporate purposes.’. Sales & Marketing expenses as a percentage of total revenue rose to 30.1% as revenues have increased. That forecast is mostly in line with the $127.4 million in revenue that Wall Street is looking for in 2020. Agora’s main executive offices are located in China, and the company counts a number of Chinese tech companies as clients and considers Chinese tech giant Tencent a rival. The results were mixed compared with analyst expectations. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Agora, Inc. provides Real-Time Engagement Platform-as-a-Service (RTE-PaaS) in the People's Republic of China, the United States, and internationally. However, I am very impressed by the investor support and interest, which is large and atypical for a non life science IPO. "Such innovations are far beyond traditional video conferencing and still have a long way to go.". The media landscape today is large, complex, instantaneous, and oftentimes confounding. São Paulo, Brazil-based XP was founded in 2015 and provides debt financial services through its operating channels, branded as XP, Rico and Clear, which operate as a debt marketplace -- offering services of both XP’s partners and its competitors. +39 0862 717746 - Fax: +39 0862 452211 | V.A.T. During that same period, The Agora’s footprint stretched overseas, with subscribers across the globe and businesses sprouting in major cities including Paris, London, and Melbourne. Given the firm’s industry position, growth prospects, dollar-based net retention rate and institutional investor interest, my opinion on the IPO is a BUY at up to $17.00 per ADS. Free cash flow during the twelve months ended December 31, 2019, was negative ($4.1 million). Collectively, the groups published dozens of newsletters and magazines in the areas of travel, health, business, and investing. Brave new ideas circulate rapidly and dominate social, political, and economic discussion without serious consideration, largely untethered to the timeless principles and wisdom of the great thinkers and writers of the past. Let's conquer your financial goals together...faster. Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 17.47%. The Agora includes more than 20 companies which operate out of 15 different countries around the world. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Contributing to Agora’s high multiples: With the COVID-19 pandemic driving major increases in voice/video calling and messaging activity, Agora’s revenue growth has accelerated sharply in recent months. If you are interested in establishing a relationship as a vendor or partner to one or several of these companies, you may email us at firstname.lastname@example.org. IPO stocks can be very volatile in the days immediately after an IPO. A figure of 131% is considered quite high. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. San Francisco, California-based Airbnb was founded to develop a two-sided marketplace between property hosts and consumer guests to provide lodging and related services on a temporary basis worldwide. In Q3, Agora inked new customers with innovative solutions in online learning, virtual events, remote assistance, virtual tours and more. Source: Company registration statement. Nine firms will see their 25-day underwriter research quiet periods end. Underwriters have an option (likely to be picked up) to purchase another 2.625 million shares to cover overallotments. According to a 2020 market research report by Allied Market Research, the global market for web-based real-time communication was approximately $2.73 billion in 2019 and is expected to reach $45.9 billion by 2027. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Agora Stock Plunged Today @themotleyfool #stocks $API, Copyright, Trademark and Patent Information. Agora, with dual headquarters in Santa Clara, California and Shanghai, China, saw a 95.4% increase in active customers year-over-year as of September 2020 and continues to power some of the most exciting digital transformations in the world. The Sales & Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Sales & Marketing spend, was a decent 1.1x in the most recent reporting period. While the companies that make up The Agora operate independently, they rely on these principles to help customers to expand their minds, embrace bold thinking, and enrich their lives. Why? Still, as distinctive and independent as they have grown to be, they all share The Agora’s core mission of bringing the best new and unconventional viewpoints, perspectives and strategies to the global marketplace. He started with International Living, a newsletter devoted to working, investing, and retiring overseas. Management is led by founder, Chairman and CEO Mr. Bin (Tony) Zhao, who was previously director of YY, a video-based social network. This is a legal gray area that brings the risk of management changing the terms of the contractual agreement or the Chinese government altering the legality of such arrangements. Diversity and Partnership. The Real-Time Engagement Platform for meaningful human connections.People engage longer when they see, hear, and interact with each other. In terms of guidance, Agora expects full-year revenue to be in the range of $125 million to $130 million, unchanged from the last earnings report in August. Agora, with dual headquarters in Santa Clara, California and Shanghai, China, saw a 95.4% increase in active customers year-over-year as of September 2020 and continues to power some of the most exciting digital transformations in the world. Agora, Inc. provides real-time engagement platform that increase user engagement and retention with a developer platform for live, interactive audio, video, and messaging features.
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